Market Overview:
The global feed grade vitamin B3 market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for feed grade vitamin B3 from various applications, such as feed additives and daily chemicals. North America is expected to lead the global market in terms of revenue during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Feed grade vitamin B3 is a water soluble vitamin that is important for the overall health of animals. It helps to maintain normal energy levels, supports the immune system, and promotes healthy skin and coat. Feed grade vitamin B3 can be used to fortify feed rations for livestock and poultry.
Niacin:
Niacin, also known as vitamin B3, is a type of water-soluble vitamin required in an adequate amount to maintain body functions. It is available in two forms - nicotinic acid and imidazole derivatives. The product can be manufactured from different sources such as yeast, corn oil & grains or petroleum.
The global feed grade niacin demand was estimated at 687.4 kilotons in 2015 and the market value at USD 1.
Nicotinamide:
Nicotinamide, also known as vitamin B3 or niacin, is a non-essential amino acid that is required by the human body for the proper functioning of the nervous system and organs. It helps in maintaining and promoting healthy skin & hair; enhancing weight loss; reducing cholesterol levels; improving heart health & controlling blood pressure.
Application Insights:
Feed additives was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The feed additives segment accounted for a market share of more than 70% in 2017. Growing demand for specialty and premium grade feeds coupled with extensive usage as a nutritional supplement is expected to drive product demand over the forecast period.
Vitamin B3, also known as niacin or nicotinamide, finds applications other than feed additives including in pharmaceuticals (for instance, Nicotrol Nasal Spray), cosmetics (for instance, Niacomacro Ltd.), and food & beverages industry (for instance, Addaction Pharmaceuticals). In addition to these end-use industries; it has been used experimentally as an anti-inflammatory agent under circumstances where inflammation may occur during wound healing such as after surgery or trauma.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 35% in terms of revenue owing to high demand from countries, such as China, India, Japan and South Korea. Increasing population coupled with rising disposable income levels has resulted in an increase in demand for animal feed additives and processed food items that are likely to boost product consumption further.
China is one of the major producers as well as consumers of feed grade vitamin B3 across the globe owing to presence of large-scale manufacturers along with end-users including food & beverage companies, pharmaceuticals sector among others.
Growth Factors:
- Increasing demand for Feed Grade Vitamin B3 from the animal feed industry as a result of its various health benefits for animals.
- Rising awareness among farmers and livestock owners about the benefits of Feed Grade Vitamin B3 in animal feed, which is likely to boost demand for the product over the forecast period.
- Growing research and development activities by key players in order to introduce innovative products with better quality and performance is expected to propel growth of the market during the forecast period.
- Expansion of production capacities by key manufacturers to cater to rising demand from global markets is anticipated to fuel growth of Feed Grade Vitamin B3 market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Feed Grade Vitamin B3 Market Research Report
By Type
Niacin, Nicotinamide
By Application
Feed Additives, Daily Chemicals
By Companies
Lonza, Jubilant Life Sciences, Vertellus, Brother Enterprises, Lasons India, Vanetta, Resonance Specialties
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Feed Grade Vitamin B3 Market Report Segments:
The global Feed Grade Vitamin B3 market is segmented on the basis of:
Types
Niacin, Nicotinamide
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Feed Additives, Daily Chemicals
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lonza
- Jubilant Life Sciences
- Vertellus
- Brother Enterprises
- Lasons India
- Vanetta
- Resonance Specialties
Highlights of The Feed Grade Vitamin B3 Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Niacin
- Nicotinamide
- By Application:
- Feed Additives
- Daily Chemicals
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Feed Grade Vitamin B3 Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Feed grade vitamin B3 is a type of vitamin that is used to supplement animal feed. It is also sometimes used as a dietary supplement for humans.
Some of the major companies in the feed grade vitamin b3 market are Lonza, Jubilant Life Sciences, Vertellus, Brother Enterprises, Lasons India, Vanetta, Resonance Specialties.
The feed grade vitamin b3 market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Feed Grade Vitamin B3 Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Feed Grade Vitamin B3 Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Feed Grade Vitamin B3 Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Feed Grade Vitamin B3 Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Feed Grade Vitamin B3 Market Size & Forecast, 2020-2028 4.5.1 Feed Grade Vitamin B3 Market Size and Y-o-Y Growth 4.5.2 Feed Grade Vitamin B3 Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Niacin
5.2.2 Nicotinamide
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Feed Additives
6.2.2 Daily Chemicals
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Feed Grade Vitamin B3 Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Feed Grade Vitamin B3 Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Niacin
9.6.2 Nicotinamide
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Feed Additives
9.10.2 Daily Chemicals
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Niacin
10.6.2 Nicotinamide
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Feed Additives
10.10.2 Daily Chemicals
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Niacin
11.6.2 Nicotinamide
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Feed Additives
11.10.2 Daily Chemicals
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Niacin
12.6.2 Nicotinamide
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Feed Additives
12.10.2 Daily Chemicals
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Niacin
13.6.2 Nicotinamide
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Feed Additives
13.10.2 Daily Chemicals
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Feed Grade Vitamin B3 Market: Competitive Dashboard
14.2 Global Feed Grade Vitamin B3 Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lonza
14.3.2 Jubilant Life Sciences
14.3.3 Vertellus
14.3.4 Brother Enterprises
14.3.5 Lasons India
14.3.6 Vanetta
14.3.7 Resonance Specialties